Moody’s threatens downgrade as wobbling economies in Italy, Spain and Ireland will hit life and general insurance sales
Moody’s threatened Aviva with a downgrade yesterday, stressing that it’s exposure to Italy, Spain and Ireland could cause problems.
The three countries make up 20% of Aviva’s total life and general insurance sales. Italy is 10% and Spain and Ireland are 6% and 4% respectively.
Moody’s added: “Consumer demand for life insurance products in the UK (the single largest market for Aviva) is set to remain depressed, with the UK life sector also subject to structural challenges ahead, including the implementation of Solvency II and the retail distribution review.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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